Kerry Lynch stepped into the role of editor of the&nbsp;Aviation International News&nbsp;monthly magazine in May 2022 after serving with&nbsp;AIN&nbsp;for eight years. She joined&nbsp;AIN&nbsp;in December 2014 as a senior editor covering Washington and business aviation news. She has also served on Convention News teams, including as editor of&nbsp;HAI Convention News. Lynch previously spent 25 years with Aviation Week. During her time there, she reported for and later steered&nbsp;The Weekly of Business Aviation, oversaw business aviation content on the&nbsp;Aviation Week Intelligence Network, served on the&nbsp;Show News&nbsp;staff, and held roles as the Washington columnist for&nbsp;Business &amp; Commercial Aviation&nbsp;and&nbsp;Overhaul &amp; Maintenance&nbsp;monthly magazines. In 2021 she was honored with the National Business Aviation Association Platinum Wing Award for lifetime achievement in journalism and was the 2004 recipient of the National Air Transportation Association’s Aviation Journalism Excellence Award. She also has been a recipient of an Aerospace Media Award for business aviation (2022) and NBAA Gold Wing Award (2003, 2024). Lynch graduated from The Ohio State University with a bachelor of arts in journalism.

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NBAA is advising that the&nbsp;Russia/Ukraine&nbsp;conflict and the associated international sanctions highlight the importance of buyers, sellers, and air carriers to fully conduct due diligence before moving forward with transactions. Noting that the U.S. and many other countries are now focused on seizing aircraft and other assets of sanctioned Russian entities, NBAA said buyers must have accurate ownership histories to ensure they are not connected with such entities. Additionally, sellers&nbsp;need to be aware of who they are selling to, given restrictions on exports to Russia.

 


“Aircraft buyers and sellers need to focus on obtaining ultimate beneficial owner information that may not be apparent from cursory searches of public databases,” said Scott O’Brien, NBAA senior director for public policy and advocacy. “You may need to conduct additional research and engage with your aircraft transaction team.”

 


International trade and aviation lawyer Jonathan Epstein, who is a partner with Holland &amp; Knight, told NBAA that “just having a sanctions clause [in the purchase contract] where the other party says ‘I’m not a sanctioned party’ is not a 'get out of jail free card' and does not replace due diligence.”

 


Epstein acknowledged that due diligence may not be 100 percent foolproof, but a party should have written records in case questions arise. Full due diligence could help protect a buyer’s rights, NBAA said.

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Russia Sanctions Spotlight Need for Aircraft Due Diligence

NBAA is stressing that aircraft buyers and sellers need to fully vet transactions to make sure they do not involved sanctioned Russian parties.

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